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Watt Mann fiscal Q2 loss narrows YOY

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Watt Mann fiscal Q2 loss narrows YOY

4245360 said its normalized net income for the fiscal second quarter ended Sept. 30 came to a loss of 46 Japanese sen per share, compared with a loss of ¥1.26 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥5.0 million, compared with a loss of ¥13.8 million in the prior-year period.

The normalized profit margin rose to negative 0.7% from negative 2.0% in the year-earlier period.

Total revenue climbed 7.1% on an annual basis to ¥743.0 million from ¥694.0 million, and total operating expenses climbed 5.2% on an annual basis to ¥755.0 million from ¥718.0 million.

Reported net income totaled a loss of ¥14.0 million, or a loss of ¥1.28 per share, compared to a loss of ¥25.0 million, or a loss of ¥2.29 per share, in the prior-year period.

s of Nov. 13, US$1 was equivalent to ¥122.78.Watt Mann Co. Ltd.

4245360 said its normalized net income for the fiscal second quarter ended Sept. 30 came to a loss of 46 Japanese sen per share, compared with a loss of ¥1.26 per share in the year-earlier period.